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Hartford MidCap Value Fund

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Objective

Seeks long-term capital appreciation.

Overview

A mid-cap fund that seeks deeply discounted companies with temporary or cyclical issues in which the upside potential is overlooked.

More About Midcap Value Fund 

Gregory J. Garabedian
Senior Managing Director
Equity Portfolio Manager

The portfolio manager is supported by the full resources of Wellington.

Performance

Performance (%)
% (as of 5/31/2021)
Average Annual Total Returns % (as of 5/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford MidCap Value  I 18.87 49.44 9.88 10.69 9.88 8.81
Benchmark 20.86 56.61 12.59 12.25 11.58 ---
Morningstar Mid-Cap Value Category 23.72 60.87 12.07 12.22 10.63 ---
Performance (%)
% (as of 3/31/2021)
Average Annual Total Returns % (as of 3/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford MidCap Value  I 13.02 65.45 8.81 10.22 9.48 8.61
Benchmark 13.05 73.76 10.70 11.60 11.05 ---
Morningstar Mid-Cap Value Category 15.73 78.46 9.99 11.14 10.05 ---
SI = Since Inception. Fund Inception: 04/30/2001
Operating Expenses:   Net  0.91% |  Gross  0.91%
Share Class Inception: 5/28/10.
Class I-share performance prior to its inception date reflects Class A-share performance (excluding sales charges) and operating expenses. SI performance is calculated from 4/30/01.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Growth of $10,000 (I-Share)

(as of 5/31/2021)
[{"date":"Mon May 31 00:00:00 EDT 2021","value":"25648.0"},{"date":"Fri Apr 30 00:00:00 EDT 2021","value":"25590.0"},{"date":"Wed Mar 31 00:00:00 EDT 2021","value":"24386.0"},{"date":"Sun Feb 28 00:00:00 EST 2021","value":"23067.0"},{"date":"Sun Jan 31 00:00:00 EST 2021","value":"21605.0"},{"date":"Thu Dec 31 00:00:00 EST 2020","value":"21576.0"},{"date":"Mon Nov 30 00:00:00 EST 2020","value":"20441.0"},{"date":"Sat Oct 31 00:00:00 EDT 2020","value":"17619.0"},{"date":"Wed Sep 30 00:00:00 EDT 2020","value":"17348.0"},{"date":"Mon Aug 31 00:00:00 EDT 2020","value":"18189.0"},{"date":"Fri Jul 31 00:00:00 EDT 2020","value":"17847.0"},{"date":"Tue Jun 30 00:00:00 EDT 2020","value":"17091.0"},{"date":"Sun May 31 00:00:00 EDT 2020","value":"17163.0"},{"date":"Thu Apr 30 00:00:00 EDT 2020","value":"16450.0"},{"date":"Tue Mar 31 00:00:00 EDT 2020","value":"14739.0"},{"date":"Sat Feb 29 00:00:00 EST 2020","value":"18873.0"},{"date":"Fri Jan 31 00:00:00 EST 2020","value":"20883.0"},{"date":"Tue Dec 31 00:00:00 EST 2019","value":"21468.0"},{"date":"Sat Nov 30 00:00:00 EST 2019","value":"20706.0"},{"date":"Thu Oct 31 00:00:00 EDT 2019","value":"20154.0"},{"date":"Mon Sep 30 00:00:00 EDT 2019","value":"19809.0"},{"date":"Sat Aug 31 00:00:00 EDT 2019","value":"19064.0"},{"date":"Wed Jul 31 00:00:00 EDT 2019","value":"19436.0"},{"date":"Sun Jun 30 00:00:00 EDT 2019","value":"19229.0"},{"date":"Fri May 31 00:00:00 EDT 2019","value":"18028.0"},{"date":"Tue Apr 30 00:00:00 EDT 2019","value":"19464.0"},{"date":"Sun Mar 31 00:00:00 EDT 2019","value":"18594.0"},{"date":"Thu Feb 28 00:00:00 EST 2019","value":"18967.0"},{"date":"Thu Jan 31 00:00:00 EST 2019","value":"18222.0"},{"date":"Mon Dec 31 00:00:00 EST 2018","value":"16413.0"},{"date":"Fri Nov 30 00:00:00 EST 2018","value":"18447.0"},{"date":"Wed Oct 31 00:00:00 EDT 2018","value":"17804.0"},{"date":"Sun Sep 30 00:00:00 EDT 2018","value":"19866.0"},{"date":"Fri Aug 31 00:00:00 EDT 2018","value":"20096.0"},{"date":"Tue Jul 31 00:00:00 EDT 2018","value":"19720.0"},{"date":"Sat Jun 30 00:00:00 EDT 2018","value":"19320.0"},{"date":"Thu May 31 00:00:00 EDT 2018","value":"19332.0"},{"date":"Mon Apr 30 00:00:00 EDT 2018","value":"18786.0"},{"date":"Sat Mar 31 00:00:00 EDT 2018","value":"18932.0"},{"date":"Wed Feb 28 00:00:00 EST 2018","value":"18871.0"},{"date":"Wed Jan 31 00:00:00 EST 2018","value":"19611.0"},{"date":"Sun Dec 31 00:00:00 EST 2017","value":"19187.0"},{"date":"Thu Nov 30 00:00:00 EST 2017","value":"19096.0"},{"date":"Tue Oct 31 00:00:00 EDT 2017","value":"18599.0"},{"date":"Sat Sep 30 00:00:00 EDT 2017","value":"18338.0"},{"date":"Thu Aug 31 00:00:00 EDT 2017","value":"17640.0"},{"date":"Mon Jul 31 00:00:00 EDT 2017","value":"17782.0"},{"date":"Fri Jun 30 00:00:00 EDT 2017","value":"17558.0"},{"date":"Wed May 31 00:00:00 EDT 2017","value":"17214.0"},{"date":"Sun Apr 30 00:00:00 EDT 2017","value":"17416.0"},{"date":"Fri Mar 31 00:00:00 EDT 2017","value":"17558.0"},{"date":"Tue Feb 28 00:00:00 EST 2017","value":"17711.0"},{"date":"Tue Jan 31 00:00:00 EST 2017","value":"17262.0"},{"date":"Sat Dec 31 00:00:00 EST 2016","value":"16954.0"},{"date":"Wed Nov 30 00:00:00 EST 2016","value":"16901.0"},{"date":"Mon Oct 31 00:00:00 EDT 2016","value":"15523.0"},{"date":"Fri Sep 30 00:00:00 EDT 2016","value":"15975.0"},{"date":"Wed Aug 31 00:00:00 EDT 2016","value":"16030.0"},{"date":"Sun Jul 31 00:00:00 EDT 2016","value":"15909.0"},{"date":"Thu Jun 30 00:00:00 EDT 2016","value":"15193.0"},{"date":"Tue May 31 00:00:00 EDT 2016","value":"15435.0"},{"date":"Sat Apr 30 00:00:00 EDT 2016","value":"15127.0"},{"date":"Thu Mar 31 00:00:00 EDT 2016","value":"14995.0"},{"date":"Mon Feb 29 00:00:00 EST 2016","value":"13860.0"},{"date":"Sun Jan 31 00:00:00 EST 2016","value":"13849.0"},{"date":"Thu Dec 31 00:00:00 EST 2015","value":"15061.0"},{"date":"Mon Nov 30 00:00:00 EST 2015","value":"15855.0"},{"date":"Sat Oct 31 00:00:00 EDT 2015","value":"15449.0"},{"date":"Wed Sep 30 00:00:00 EDT 2015","value":"14403.0"},{"date":"Mon Aug 31 00:00:00 EDT 2015","value":"14992.0"},{"date":"Fri Jul 31 00:00:00 EDT 2015","value":"15774.0"},{"date":"Tue Jun 30 00:00:00 EDT 2015","value":"15987.0"},{"date":"Sun May 31 00:00:00 EDT 2015","value":"16271.0"},{"date":"Thu Apr 30 00:00:00 EDT 2015","value":"16017.0"},{"date":"Tue Mar 31 00:00:00 EDT 2015","value":"16170.0"},{"date":"Sat Feb 28 00:00:00 EST 2015","value":"15855.0"},{"date":"Sat Jan 31 00:00:00 EST 2015","value":"14982.0"},{"date":"Wed Dec 31 00:00:00 EST 2014","value":"15266.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"15196.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"15062.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"14588.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"15375.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"14678.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"15366.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"14901.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"14651.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"14776.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"14696.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"13802.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"14132.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"13715.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"13359.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"12743.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"12216.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"12727.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"12030.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"12095.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"11755.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"11795.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"11269.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"11155.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"10523.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"10219.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"10083.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"10011.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"9755.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"9508.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"9404.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"9140.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"9875.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"9947.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"9619.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"9100.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"8445.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"8448.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"8543.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"7490.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"8480.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"9208.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"9644.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"10000.0"}]

 
Growth of $10,000

The Fund’s Class I shares has not been in operation for 10 years. Therefore, the growth of $10,000 (I Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.

Calendar Year Returns (%)
Fund Benchmark
2020 0.51 4.96
2019 30.79 27.06
2018 -14.45 -12.29
2017 13.17 13.34
2016 12.57 20.00
2015 -1.35 -4.78
2014 8.02 14.75
2013 34.30 33.46
2012 24.61 18.51
2011 -8.84 -1.38

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.

Allocations, exposures and holdings are subject to change. Percentages may be rounded.
Statistics
As of Date 5/31/2021
Net Assets $853 million
# of Holdings 78
% in Equities 98
% in Foreign Equities 3
Beta (3 year) 1.02
R Squared (3 year) 0.97
Standard Deviation 24.08%
Turnover (3/31/2021) 66%
Active Share 92%
Market Cap Distribution(%)
(as of 5/31/2021)
Fund
Less than $2 billion 1
$2 billion - $5 billion 15
$5 billion - $10 billion 43
Greater than $10 billion 42
Not Classified 0
Fund Essentials
Inception Date 04/30/2001
Symbol HMVJX
CUSIP 41664M425
Fund Number 1552

Top Ten Holdings (%)

(as of 5/31/2021)
label percentageholding
Centene Corp. 2.35
Assurant, Inc. 2.18
Celanese Corp. 2.18
Syneos Health, Inc. 1.93
Westinghouse Air Brake Technologies Corp. 1.93
Arthur J Gallagher & Co. 1.89
Voya Financial, Inc. 1.86
Johnson Controls International plc 1.83
Diamondback Energy, Inc. 1.82
Lumentum Holdings, Inc. 1.82
Total Portfolio % 19.79
(as of 3/31/2021)
label percentageholding
Lumentum Holdings, Inc. 2.17
Assurant, Inc. 2.12
Celanese Corp. 2.09
Centene Corp. 2.06
Westinghouse Air Brake Technologies Corp. 1.95
Johnson Controls International plc 1.93
Voya Financial, Inc. 1.92
Encompass Health Corp. 1.78
U.S. Foods Holding Corp. 1.76
Colfax Corp. 1.66
Total Portfolio % 19.44
Holdings Characteristics
(as of 5/31/2021)
Fund Russell Midcap Value Index
Price/Earnings 14.7x 16.5x
Price/Book 2.2x 2.9x
EPS Growth Rate 14.4% 15.8%
Return on Equity 12.7% 13.2%
Asset Weighted Market Cap (billions) $14.2 $21.8
Median Market Cap (billions) $8.4 $10.5
Return Characteristics
(as of 5/31/2021)
Fund
Alpha (5 Year) -1.53
Down Capture (5 Year) 104.21
Information Ratio (5 Year) -0.38
Sharpe Ratio (5 Year) 0.56
Up Capture (5 Year) 97.42
Sector Exposure
Sectors 3/31/2021 Fund 5/31/2021 Benchmark 5/31/2021 UNDERWEIGHT / OVERWEIGHT -4 0 4
Financials 20 21 17
Overweight 100.0%
Health Care 10 10 7
Overweight 75.0%
Industrials 19 19 18
Overweight 25.0%
Consumer Discretionary 14 13 13
Overweight 0.0%
Real Estate 8 10 10
Overweight 0.0%
Information Technology 9 8 9
Overweight 25.0%
Materials 7 7 8
Overweight 25.0%
Consumer Staples 3 3 4
Overweight 25.0%
Utilities 5 5 7
Overweight 50.0%
Energy 2 2 4
Overweight 50.0%
Communication Services 2 2 4
Overweight 50.0%
Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.

Insights

pdf

The Cyclical Nature of Active & Passive Investing 

03/18/2021
Recent performance has favored passive investing. But a look at the big picture shows how performance moves in cycles and reveals why active management isn't dead.
pdf

2021 Outlooks (Wellington) 

12/14/2020
Thought leaders from Wellington Management provide their outlook on issues that may influence markets and portfolios going forward.
pdf

Coronavirus Update Center 

11/16/2020
Collected insights on the impact of coronavirus.

Literature

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Fact Sheet

03/31/2021 | pdf

This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.

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Commentary

03/31/2021 | pdf

Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.

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Summary Prospectus

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A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.

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MidCap Value Fund Pitchbook

03/31/2021 | pdf

This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.

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Semi Annual Report

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An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.

Statutory Prospectus

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A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.

Annual Report

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An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.

SAI

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A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.

Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Mid-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur.

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